After reading the newspaper article in July, I found out that the Welcome Savings Bank 3% parking passbook came out.
Then someone asked me if I knew about this product in a comment on my recent parking passbook post.
So I checked the contents. 웰뱅 모두페이 통장
What is the condition of 3% interest rate for Wellbang ModPay parking passbook? 이베이스매뉴얼
The basic interest rate is 0.5% and two conditions are attached, so the interest rate is 3%.
Ah…there are conditions…it’s annoying…
Condition 1: Add 0.5% when the deposit balance exceeds KRW 500,000 (achieved easily)
Condition 2: By connecting a parking passbook, simple payment transaction performance of 100,000 won or more is added by 2% per year.
A fatal flaw?
First. Preferential interest rates are not applicable for deposits in excess of KRW 1 million. (See image below)
In the case of this parking passbook, the 3% parking passbook is accurate with a limit of 1 million won.
Second. Simple payment is a parking passbook, and monthly recharging/payment such as Naver Pay, Kakao Pay, Payco, Toss, etc. must be carried out.
conclusion
Personally, I hate complicated things that need to be met in a parking passbook.
The last condition to compromise is up to the open banking linkage. (This has to be done anyway because it has to be linked with a brokerage company.^^)
So, when I thought about it, I think that the 3% Wellbang ModoPay parking passbook is just a marketing passbook.
If you look at the age ratio of Wellbang ModPay parking account subscribers below, you can see that the proportion of those in their 20s to 30s exceeds 50%.
There are two options for selecting a parking passbook at this time.
1. How to sign up for an OK Savings Bank jackpot with a limit of 3 billion won and 2% interest rate
2. Receive 31,000 won immediately through the Welcome Savings Bank event, and receive unlimited 5,000 won through an invitation event at a 1.3% interest rate (This is the most recommended method. The rate of return can be huge.)
▼ Welcome Savings Bank Event.